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after steve jobs. it's "nightly business report" for thursday, august 25. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. two iconic american companies-- apple and bank of america-- and two iconic c.e.o.s-- steve jobs and warren buffett-- in the spotlight today. susie, investors spent the day trying to figure out whether it's time to buy or sell shares of apple and bank of america. >> susie: tom, steve jobs and warren buffett are visionaries that investors pay close attention to. so it's not surprising that apple stock fell slightly today reacting to news that the company's superstar c.e.o. resigned. shares closed down $2.23 to $375 and change. but shares of bank of america jumped almost 10% after buffett said he's making a big $5 billion bet in the beleaguered bank. >> tom: we'll have more on the future of apple in a moment, but first, a clo
of emergency. steve jobs sits down as the company's chief executive. he's set to stay on as chairman. it's 9:00 a.m. here in singapore. >> it's 2:00 a.m. here in london, broadcasting to viewers on pbs in america and around the world. this is "newsday." >> hello, and welcome. as fighting continues in libya, the rebels say they're transfering their government's capital of tripoli from their base in benghazi. colonel gaddafi isn't ready to give up yet. he urged libyans to destroy the rebels. the heaviest fighting is still near olede gaddafi's old capitol in the capital. this report does contain some graphic images. >> descending into colonel gaddafi's underground fortress. the tunnels ran for miles and could have been his escape route. today, rebel fighters were taking the tour. seeing where gaddafi's troops had been holed up. abandoned in a corner, some of their supplies. this underground labyrinth, the secret world was incredibly well constructed. the ceilings here are very high. the walls are very solid. over hering i've just found a phone which was obviously used for internal communication.
now. >> and other news, steve jobs steps down as the company's chief executive. hurricane irene gather strength as it moves across the caribbean. it is 9:00 a.m. here in singapore. >> hello and welcome. there have been fierce battles and the capital of tripoli after colonel gaddafi vowed to fight until victory or martyrdom. the whereabouts of the libyan leader is not known. the rebels have offered a reward of a million dollars to anyone who captures or kills him. we were in the streets to gauge the mood of the city that is no longer ruled by the gaddafi dynasty. >> the square has been renamed martyrs' square and honor of all those who lost their lives in the fight for libya. look at it now, it is a scene of celebration. they are waving the old flag that will replace the gaddafi's flack. take a look at what lies on the ground. all of these bullet casings. this place exploded in celebration. they have been firing off every possible weapon including anti- aircraft fire today to show to the libyans and the world that the libyans have ended colonel gaddafi's 42 year rule. look at this scaff
because of hurricane irene. and steve jobs steps down as the company's chief executive. >> we're broadcasting to viewers on pbs in america and around the world. this is newsday. ♪ hello and welcome. as fighting continues in libya, the rebels said they are transferring their garment to the capital tripoli from their base in ben ghazi. but colonel gaddafi is not ready to give up yet. in another audio message, he urged libya -- libyans to destroy the rebels. the report contains some graphic images. >> descending into colonel gaddafi's underground fortress, tunnels that runs 4 miles and could have been his this capered. -- that runs for miles and could have been his escape route. abandoned in a corner, some of their supplies. with this underground labyrinth, this secret world, it was incredibly well constructed. the savings are very high. the walls are very solid. over here i found a phone that was used for internal communication. and this was a kind of motorized cart. who knows if the libyan leader was transported through these tunnels in this carta. colonel gadhafi thought he
in a corner now. >> steve jobs steps down as the chief executive at apple. and hurricane irene continues to gather strength as it moves across the caribbean. it is 11:00 a.m. here in singapore. >> it is 4:00 a.m. here in london. we're broadcasting two years at pbs in america and around the world. this is newsday. hello and welcome. there have been ongoing fierce battles in aaa. colonel -- in tripoli. the whereabouts of the libyan leader are still not known. they have offered a reward of over $1 million for anyone who captures our kills him. gunfire] these are the scenes in green square. it is renamed martyrs square for those who have lost their lives in the name of libya. the families are coming out, waving the replacement for the gaddafi flag. do not be fooled by this celebration. just look at what lies on the ground, all of the bullet casings. this place exploded in celebration, literally. they have been firing off every possible weapon, including anti- aircraft fire. this is to show two libyans and the world that they have ended the colonel gaddafi 40-year rule could look at this scaf
but in relationships. >> i'll say, "remember the time we were with steve and jenny and we met their puppy?" and, "no, i wasn't there. i just wasn't there." and then you pull out a photograph of patrick, steve, and jenny and the puppy on the night of, and it's like-- it's almost like magic to him. >> "organizational skill problems, time-management difficulties, missed appointments," less and less. "frequently late, unfinished projects." ooh, basements full. >> yes, take a look at your desk, take a look at your basement. >> if i had a garage, i could fill that with more too. >> when you deal with adults, usually they don't lose things any more. they lose time looking for their things. >> "money management problems." if i had money-- well, i did at some point, i'm sure. >> well, 50% of it is gone, anyway. >> yeah, exactly. >> i think there's people that we hire that take better care of our money. >> i think a bank robber would take better care of my money than i have. >> "frustrated and excessively impatient." yeah, i'd say "almost daily." >> almost daily, i think so. >> i have the idea, i do it. i don't
to market to u.s. consumers. >> tom: apple's c.e.o. steve jobs will resign from that position effective immediately, of course he has been battling health problems. we'll have more on this coming up later on in the program. meantime let's get to tonight's market focus. >> tom: we've seen a two-day, triple-digit rally for the blue chips and three straight days of gains for the major indices. the financial sector led the way today, and bank of america again continues to see plenty of wild swings and huge trading volumes. b-a-c jumped 11% after hitting a new low yesterday. the bank has been fighting back against market concerns regarding its capital position. it maintains it has enough money at its disposal. an analyst at raymond james calls the rumors of capital trouble absurd. here's b. of a. since the spring of 2009, the last time the stock was in the $6 dollar range. one uncertainty that continues to hang over the bank are lawsuits over mortgages gone bad. other leading financial stocks today include life insurer genworth, jumping almost 7%. and dow stocks american express and j.p. mor
by psychologists, priests, and investigators. steve rosenberg reports. >> it has been nearly one month since anders breivik killed their loved ones. they are now allowed to visit the area where the massacre took place. over the next two days, hundreds of family members of victors and some survivors will come here to the holiday island that became a killing ground. there are teams of psychologists and counselors to offer support. authorities hope these visits will bring some degree of peace. >> it is difficult for the relatives. nevertheless, they want to do this. >> they need to know. very often, they ask for details. this is where they can learn more about the details as well. >> in oslo, the killer was back in court today. at a closed hearing, the judge ruled that breivik should continue to be kept in total isolation for four more weeks. he has admitted carrying out the killing spree in detonating a bomb in the center of oslo. he has denied criminal responsibility. >> i was hoping he would admit it. is a very difficult situation. he was only speaking and thinking of himself. >> earlier this week,
a judge to dismiss the case. steve king ston, "bbc news," new york. >> north carolina has given south koreans 72 hours to leave the resort at mount kungon. the resort used to be a symbol of cooperation between the two countries and a key sort of currency for pong i don't think. for more on this, we're joined from the south korean capital of seoul by our correspondent lucy williamsson. tell us what is the latest and have south koreans already left the resort? >> as you said, north korea on monday morning gave nows that south korean assets would be able to be removed anymore from that tourist resort, and it gave three days for south korea's personnel to leave. that takes us up to thursday morning. i haven't had any concrete reports yet of south koreans crossing back into south korea. but the word we're getting from the government here is that they're not expecting south koreans to stay beyond that thursday morning. no reason to put themselves at risk, they say. but they are looking for a way out of it. according to south korea, that is not a legal move. according to north korea, it is,
is something of a legend the way bill gates and steve jobs are in the ad states. he has his own company called innovation were said incubates ideas from the men and women and the shepherds the best of those ideas to market. how have you been? >> very good. tavis: so these eggs, tell me the story behind this. >> we incubate projects. we want to help companies grow. these nests represent the company's we help maximize their chance of success. tavis: i like that. what does this have to do with innovation works and starting companies? >> we have young people. young people like to have fun. they're good at foosball. this is our second table. they wore out our first table. the little guys, broken down into toothpicks. we had to get a new one. tavis: do you play? >> yes. not bad for my age. tavis: this is a saturday. i did not expect anybody to be here. is this typical? or are they here to impress me? >> everybody works six or seven days a week. they want to. we do not demand it. this is their own company. they own most of the shares. we are here to provide support to help them be successful. you ask
comfort to those who wait. steve kingston, "bbc world news," new york. >> we have an update on hurricane irene because we're being told by forecasters it is slowing down. only ever so slightly but it is slowing down as it heads towards north carolina. the national hurricane center said it is slowing down to is 30 miles per hour. that's down from 14 miles per hour, but it is slowing down slightly. we can see live pictures from north carolina where the manhattan expected to hit first. it looks like the bad weather is there. and that is live pictures from north carolina. we did hear from someone from the national hurricane center early who said it would possibly be downgraded to a category 1 storm and it seemed it was slowing down at the moment. but only ever so slightly. east coast bracing itself because hurricane irene is still due to hit land shortly, in a few hours' time beginning with north carolina. the next day in new york, of course. also an update on new york area airports. we are being told by the port authority, according to the reuters news agency, new york area airports will re
. >> reporter: economist steve gallagher says the problem is a slow economy can only make jobs at a very slow pace. in the last three months, employers have added a total of 216,000 new jobs to payrolls. today, we learned that more jobs were actually created in may and june than originally reported. but nearly 14 million americans remain unemployed. and, with job growth still anemic, the unemployment rate is going to stay elevated. economist anthony chan says if we're lucky, we'll get as many as 150,000 new jobs a month through the end of this year. >> that, i think, will be just barely enough to hold the unemployment rate. we may see a little bit of a decline in the unemployment rate between now and the end of the year, and, the hope and expectation is that next year we start to see a little bit stronger growth. >> reporter: economists believe most new jobs will come from the private sector as they did last month. the government, particularly at the state and local level, cut positions again in july. it was the ninth straight month of job losses in the government sector. >> it sounds like it
expected. economist steve richiuitto believes the financial impact will be modest. >> the numbers that are being bandied about are basically anywhere from $10 billion to $40 billion. but if you look at it in terms of its effect on quarterly g.d.p., third quarter g.d.p., how much could you take off of that? well the answer, basically, is about 0.1%. that's nowhere near the $45 billion in private insurance damage from hurricane katrina in 2005, but many experts say it's too early to calculate the full impact of irene, especially with some towns still underwater. and then there's the yet-to-be- tallied impact to retailers. some chains, like home depot and lowes, benefited from storm preparations. others, however, suffered as irene forced many to shutter during a busy weekend. analyst r.j hottovy said late august can be important for many retailers. >> typically in a period like this, especially being back to school season, a lot of the purchases are simply going to get delayed into this week. the problem for retailers? this potentially could move inventories to a markdown situation.
.org. >>  steves: like so much of budapest, hungary's parliament was built for the big 1896 party. its elegant neo-gothic design and riverside location were inspired by its counterpart in london. it's enormous, with literally miles of grand halls, designed to help administer that sprawling, multinational hapsburg empire. by the end of world war i, the hapsburgs were gone, and hungary, while much smaller, was fully independent. but then came the nazis, followed by the communists. that illusive freedom was finally won after the fall of the soviet union in 1989, and since then, the city has blossomed. today, hungary rules only hungary, and it's ruled not by an emperor, but by democratically elected representatives who legislate from what's now a palace of democracy. like vienna, budapest feels more grandiose than the capital of a relatively small country, but the city remains the cultural capital of eastern europe, with a keenly developed knack for good living. you can enjoy that hungarian joy of life at the széchenyi baths. soak with the locals. of the city's two dozen or so traditional mineral bat
Search Results 0 to 13 of about 14

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